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Park Company reports interest expense of $410,000 and income before interest expense and income taxes of $6,970,000. (1) Compute its times interest earned. (2) Park's

Park Company reports interest expense of $410,000 and income before interest expense and income taxes of $6,970,000. (1) Compute its times interest earned. (2) Park's competitor's times interest earned is 11.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad?

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